Delta State emerged as Nigeria’s largest recipient of Federation Account Allocation Committee (FAAC) funds in the second quarter of 2026, displacing Lagos, which topped the allocation table in the first quarter.
The 36 states collectively received N2.39 trillion from the Federation Account between April and June 2026, representing an increase of N259.41 billion, or 12.2 per cent, from the N2.13 trillion distributed in the first quarter.
An analysis of FAAC disbursements shows that the second quarter brought a significant reshuffling among the biggest beneficiaries, with Delta, Rivers, Akwa Ibom and Bayelsa recording substantial increases, while Lagos experienced a sharp decline.
Delta received N188.01 billion during the quarter, up from N143.42 billion in Q1, representing a N44.59 billion, or 31.1 per cent, increase.
Rivers followed with N172.03 billion, compared with N123.96 billion in the first quarter, while Lagos dropped to third place with N165.57 billion, down from N200.21 billion.
Delta’s Q2 allocation comprised N53.77 billion in April, N67.81 billion in May and N66.44 billion in June.
Rivers recorded an even larger absolute increase, with its allocation rising by N48.07 billion, or 38.8 per cent, from N123.96 billion in Q1 to N172.03 billion in Q2.
The state’s monthly allocation rose from N46.64 billion in April to N55.07 billion in May and N70.32 billion in June. The June figure was the highest monthly allocation recorded by any state during the quarter.
Akwa Ibom recorded the largest percentage increase among the five biggest Q2 recipients. Its allocation climbed from N109.76 billion in Q1 to N160.51 billion in Q2, representing a 46.2 per cent increase.
Bayelsa also recorded strong growth, with its allocation rising from N114.47 billion to N152.25 billion, an increase of 33 per cent.
Combined, Delta, Rivers, Akwa Ibom and Bayelsa added about N181.19 billion to their Q1 receipts in the second quarter.
Lagos recorded the only decline among the states based on the supplied Q1 and Q2 figures.
The state’s allocation fell by N34.64 billion, or 17.3 per cent, from N200.21 billion in Q1 to N165.57 billion in Q2.
Lagos’ first-quarter position was driven largely by a strong VAT allocation. The state received about N193.50 billion in VAT during Q1, including N101.34 billion in February.
Its Q2 net VAT allocation, however, fell to N150.56 billion, a decline of approximately N42.94 billion, or 22.2 per cent.
Despite the decline, Lagos remained the largest recipient of net VAT among the 36 states during the second quarter.
Rivers followed with N75.81 billion, while Oyo received N44.29 billion.
The figures highlight the difference between overall FAAC receipts and VAT performance. While Delta ranked first in total FAAC receipts, it ranked fifth in net VAT, whereas Lagos ranked third in total FAAC but first in VAT.
